Posted on January 13, 2016 by Corey Hart
Jan

13

2016

Closed sales up 9 percent annually; Prices gain only 1 percent for second straight year, remain 24 percent higher than 2009’s bottom levels

Rockville, MD – (January 13, 2016) – The following analysis of the Washington, D.C. Metro Area housing market has been prepared by Elliot Eisenberg, Ph.D. of RealEstate Business Intelligence (RBI) and is based on year-end 2015 MRIS housing data.

OVERVIEW

Posted on January 13, 2016 by Corey Hart
Jan

13

2016

Home sales up 19% from 2014; Median prices flat at $240,000 for third straight year

Rockville, MD – (January 13, 2016) – The following analysis of the Baltimore Metro Area housing market has been prepared by Elliot Eisenberg, Ph.D. of RealEstate Business Intelligence (RBI) and is based on year-end 2015 MRIS housing data.

OVERVIEW

Posted on December 10, 2015 by Corey Hart
Dec

10

2015

Steady growth in new pending sales; Prices unchanged as inventories rise modestly versus 2014

Rockville, MD – (December 10, 2015) – The following analysis of the Washington, D.C. Metro Area housing market has been prepared by Elliot Eisenberg, Ph.D. of RealEstate Business Intelligence (RBI) and is based on November 2015 MRIS housing data.

OVERVIEW

The Washington, D.C. housing market continued to see solid increases in closed and pending sales in November, with pending sales at the best levels in a decade.  Median sales prices were unchanged from last year but up 1.5% from last month.  Inventories continue to grow at rate similar to the last several months, driven by the highest November level of new listings in five years.

November closed sales of 3,347 were up 10.2% compared to last year and down 13.5% compared to last month.  New contracts of 4,186 were at the highest November level in at least a decade, up 7.4% compared to last year although down 12.7% compared to last month.  The overall median sales price of $405,000 was unchanged compared to last year and up 1.5% or $6,000 compared to last month.  Median prices for townhomes rose 2.4% to $407,000 and single-family detached rose 2.2% to $485,000, while condos declined 6.1% to $291,000.  Compared to last month, single-family detached prices were up 2.6%, townhomes were up 2.5% and condos were down 4.6%.

Click here to view PDF version of this report

Posted on December 10, 2015 by Corey Hart
Dec

10

2015

Sales and pending contracts both up about 10%; Median sales prices unchanged, inventory growth slips for third straight month

Rockville, MD – (December 10, 2015) – The following analysis of the Baltimore Metro Area housing market has been prepared by Elliot Eisenberg, Ph.D. of RealEstate Business Intelligence (RBI) and is based on November 2015 MRIS housing data.

OVERVIEW

The Baltimore Metro housing market showed strong increases in sales and pending contracts, with sales at the highest November level since 2009 and pending contracts at their best November level in over a decade.    Median sales prices were unchanged from last year, with single-family detached and townhomes increasing and condos declining.  Inventory growth has declined for the third consecutive month, although buoyed by the strong rise in new listings.

There were 2,373 closed sales in November, which is up 10.1% compared to last year, but down 20% from last month.  New contracts increased 9.2% from the prior year to 2,997 but are down 16.6% compared to last month.  With an overall median November sales price of $230,000, prices were unchanged from last year, but down $5,000 or 2.1% from last month.  Compared to last year, the median sales price for single-family detached rose 2.7% to $298,900 and townhome prices rose 1.5% to $167,500, while condo prices declined 1.3% to $190,000.  Month-over-month prices were down 0.3% for single-family detached, down 0.9% for townhomes and down 3.8% for condos.  Total sold dollar volume across the Baltimore Metro region in November was slightly more than $642 million, up 10.8% from last year.

Click here to view PDF version of this report

Posted on November 10, 2015 by Corey Hart
Nov

10

2015

New pending sales increase 7.8% in October; Inventories up for 25th consecutive month though rate of growth continues to decline

Rockville, MD – (November 10, 2015) – The following analysis of the Washington, D.C. Metro Area housing market has been prepared by Elliot Eisenberg, Ph.D. of RealEstate Business Intelligence (RBI) and is based on October 2015 MRIS housing data.

OVERVIEW

The Washington, D.C. Metro Area housing market continued to see increases in closed and pending sales in October, with pending contracts at the best levels in a decade.  Median sales prices were comparable to both last year and last month.  Inventories continue to grow, driven by the highest October level of new listings since 2007, but at a continually slowing rate. 

There were 3,871 closed sales in October, up 2.3% compared to last year and down 6.0% compared to last month.  New contracts of 4,794 were at the highest October level in at least a decade, up 7.8% compared to last year and 0.3% compared to last month.  The overall median sales price of $399,000 dipped an insignificant $1,000 or 0.3% compared to both last month and last year.  Condos saw median prices rise 0.5% to $305,000, while single-family detached fell 1.6% to $472,500 and townhomes declined 0.2% to $397,250.  Compared to last month, condos were up 3.4%, while single-family detached were down 3.1% and townhomes were down 0.7%.

Click here to view PDF version of this report

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